Future Trends, Privacy and Managerial Considerations in Analytics - Internet of Things

5 important questions on Future Trends, Privacy and Managerial Considerations in Analytics - Internet of Things

What are the major issues of IoT?

The amount of data produced by sensors is huge and not all of it is useful.

What are the technology building blocks of IoT?

  1. Hardware
  2. Connectivity
  3. Software
  4. Applications  

Search online for applications of RFID in healthcare, entertainment and sports

tbd
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Identify some key players in IoT ecosystem. Explore their offerings.

Google/Alphanet, Amazon

What are some of the major issues managers have to keep in mind in exploring IoT?

Organizational alignment:  IT and operational personnel have to work as 1 team rather than separate functions
Interoperability Challenges: a lot of technology issues in connectivity. It'll take time for consumers to replace their analog object
Security: is even a bigger issue in the context of IoT. Each device becomes a potential security threat and a target for malicious hackers.

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